It might be time to start thinking about a career change if you are in any of these types of jobs in the global workforce. It is crazy to think that within the next 15 years so many jobs of today will be obsolete. Progress isn’t going to stop, so it is important to have the foresight and ability to look ahead and make some important career decisions now for your future. New jobs will certainly be created over the same period of time, so will you have the necessary skills to transition into new roles and be successful? The information in this article comes from the McKinsey Global Institute.
Stats from the McKinsey Global Institute
In November of this year, the McKinsey Global Institute conducted new research about the future job landscape in the coming years. We are on the verge of so much automation and many jobs will be changing. Think about it, just over the horizon we are looking at self-driving cars, machines that read X-rays, and algorithms that respond to customer-service inquiries (chatbots). Here are some of the major facts from the McKinsey Global Institute about how the changing job landscape will affect so many workers all over the world.
- By 2030, 75 million to 375 million workers will change occupation categories.
- 400 to 800 million workers might be displaced by automation.
- About 50% of current work activities are technically automatable.
- 6 out of 10 current occupations have more than 30% of activities that are technically automatable.
- Global consumption could grow by $23 trillion between 2015 and 2030.
- 250 million to 280 million new jobs could be created from the impact of rising incomes on consumer goods alone.
- An additional 50 million to 85 million jobs generated from higher health and education spending.
- Spending patterns will shift as the population ages.
- By 2030, there will be at least 300 million more people aged 65 years and older than there were in 2014.
- This will cause a significant rise in demand for a range of occupations, including doctors, nurses, health technicians, home-health aides, personal-care aides, and nursing assistants.
- Healthcare and health-related jobs from aging could grow by 50 million to 85 million by 2030.
- Overall spending on technology could increase by more than 50% between 2015 and 2030; this trend can create 20 million to 50 million jobs globally.
- Investments can create up to 10 million new jobs.
- 50 million to 90 million jobs globally will be created by marketization of previously unpaid work such as childcare, early-childhood education, cleaning, cooking, and gardening.
Don’t be afraid of change! Embrace it and stay on top of the changing workforce landscape. That is the best way to tackle the worries of job security and ensure that you will find employment in the changing times. Will your job be here for you in 10 or 15 years? If you are looking for a career change or don’t see your job continuing on for years on end, then maybe it is time to look at where you might be able to move your job to. Be an early adopter of a career in one of these main areas of change in the global workforce:
- IT professionals and other technology specialists
- Managers and executives whose work cannot easily be replaced by machines or automation.
- Manual and service jobs in unpredictable environments
- Rising consumption, especially in emerging economies
- The deployment of new technologies
- Investments in infrastructure
- Investments in renewable energy, energy efficiency ,and climate adaption.
- “Marketization” of previously unpaid domestic work